Excel Online Structured Activity: ROE and ROIC Baker Industries’ net income is $27000, its interest expense is $5000, an

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Excel Online Structured Activity: ROE and ROIC Baker Industries’ net income is $27000, its interest expense is $5000, an

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Excel Online Structured Activity: ROE and ROIC
Baker Industries’ net income is $27000, its interest expense is$5000, and its tax rate is 40%. Its notes payable equals $26000,long-term debt equals $70000, and common equity equals $250000. Thefirm finances with only debt and common equity, so it has nopreferred stock. The data has been collected in the Microsoft ExcelOnline file below. Open the spreadsheet and perform the requiredanalysis to answer the questions below.
Open spreadsheet
What are the firm’s ROE and ROIC? Round your answers to twodecimal places. Do not round intermediate calculations.
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